CPOstrategy

🚨 𝗜𝘀𝘀𝘂𝗲 𝟱𝟮 𝗼𝗳 𝗖𝗣𝗢𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗶𝘀 𝗢𝗨𝗧 𝗡𝗢𝗪! In the 52nd issue of CPOstrategy, we speak to Rebecca Howard, Head of Supplier Relationship Management at Coventry Building Society who talks operational transformation, ESG, and procurement as a creator of social value and community engagement. Plus, exclusive procurement content, interviews, and insights from: ⭐ Mark Janssen, Deputy Chief Procurement Officer of IDEMIA's Smart Identity division, on his procurement journey with IDEMIA ⭐ Shelley Salomon, VP of Global Business at Amazon Business, on her company's commitment to fostering gender diversity in procurement ⭐ Sagi Eliyahu, Co-Founder and CEO at Tonkean and Alejandro F., Head of Global Procurement at Semrush, on the power of intake orchestration and procurement's rise to the top of the agenda in the c-suite ⭐ Sudhir Bhojwani CEO and Co-founder at ORO Labs and Yuan Tung CTO and Co-founder at ORO Labs on the importance of humanising the procurement experience amid procurement’s AI boom ⭐ Plus, an exclusive report from DPW NYC 🤝 Cognizant | Trustmarque | Orange Cyberdefense | Portals | EXIM | Aquila Capital 𝑹𝒆𝒂𝒅 𝒏𝒐𝒘: 📖 https://bit.ly/CPO52 #CPOstrategy #Procurement #ProcurementLeaders

📈 The Evolving Role of Procurement 🌍 Procurement is facing constant challenges, from COVID-19 to rising energy prices, reshaping its strategic importance within businesses. According to SAP and Economist Impact, procurement is now seen as a "key value function" rather than just a support role, with more teams reporting to COOs instead of CFOs. Despite improved collaboration, trust and confidence in procurement's strategic role still need work. Discover how procurement is navigating an era of "permanent crisis" and what steps are needed to boost collaboration and trust. 👇 🔗 https://bit.ly/4bNXWD9 #Procurement #SupplyChain #BusinessStrategy #StakeholderManagement #CPO #SAP #EconomistImpact #BusinessGrowth #CorporateStrategy

🔔 Modernising Credit Risk in Construction 🏗️ Josh Elster, CFO of YardLink emphasises the need for updated credit risk management in construction. With 17.3% of UK insolvencies in April 2024 from this sector, it's crucial to shift from legacy methods to digital solutions. 🔑Key steps: 1️⃣ Go Digital: Replace outdated communication with digital tools for accurate credit evaluations. 2️⃣ Thorough Research: Use real-time financial data from online credit agencies. 3️⃣ Standardize: Implement a consistent credit application process. 4️⃣ Internal Scoring: Develop internal credit scoring systems. 5️⃣ Transparency: Automate credit risk data for better supply chain visibility. These strategies can reduce risks and improve cash flow, building a resilient construction industry. Read more: https://bit.ly/4fm9GzV #Construction #CreditRisk #Procurement #SupplyChain #DigitalTransformation #FinancialHealth #YardLink

🔍 Generative AI in UK Procurement: Trends and Challenges 📈 Nearly 80% of UK businesses are implementing or planning to adopt generative AI in procurement, according to @ivalua Early adopters report a 44% reduction in manual processes, utilising AI for task automation, research, and document analysis. However, challenges like poor data quality, inadequate governance, and slow digital transformation are hindering broader adoption. To harness AI's potential, businesses must enhance data quality, upskill teams, and establish robust processes. Read more: https://bit.ly/45YBqGt #GenerativeAI #Procurement #DigitalTransformation #AI #SupplyChain #Innovation

💡𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆, 𝗥𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀𝗵𝗶𝗽𝘀 𝗮𝗻𝗱 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 In issue 52 of CPOstrataegy, Mark Janssen, Deputy Chief Procurement Officer of IDEMIA Smart Identity division, discusses his procurement journey with IDEMIA. When it comes to identity management, trust is essential. Every day, millions trust IDEMIA Smart Identity solutions — whether for passports, identity cards, or other sensitive documents — to experience social and financial inclusion, to move across international borders, and live their lives safely and securely. “People turn to IDEMIA Smart Identity because of the trust they have in us. We sell trust, first and foremost” Read more, here 👉https://bit.ly/3SL3urB 🤝 Portals | EXIM #Innovation #Procurement

AI to the Rescue: Combatting Procurement Pain Points with Predictive Procurement Orchestration. 🌟🤖 Discover how artificial intelligence is revolutionising procurement with Predictive Procurement Orchestration! From tackling rising costs to enhancing efficiency, learn how AI-driven solutions are transforming challenges into opportunities in the 2020s. 👉 Read the full article here: https://bit.ly/3WyD5zo #Procurement #AI #DigitalTransformation #PredictiveAnalytics #SupplyChain #Innovation #Efficiency #Sustainability #FutureOfWork #TechInBusiness

Navigating Challenges and Changing Perceptions: CPO Steven Cox's Inspiring Journey in the Mining Sector 🌍 Dive into the remarkable journey of Steven Cox, Chief Procurement Officer, as he navigates the tumultuous mining sector and breaks industry stigmas! From facing geopolitical challenges in Russia to embracing new beginnings in Zimbabwe, Steven's story is one of resilience and adaptability. 🌐 Discover how he's driving innovation, promoting diversity, and leveraging technology to shape the future of mining. Don't miss this inspiring read! 👉 Read the full article here: https://bit.ly/3Sjgww0 #Mining #Leadership #Innovation #DiversityInMining #Procurement #Resilience #CareerJourney #Sustainability #TechInMining #CPO #ChiefProcurementOfficer

💡 𝗦𝗼𝗰𝗶𝗮𝗹 𝗩𝗮𝗹𝘂𝗲 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 In the latest issue of CPOstrategy, Rebecca Howard, Head of Supplier Relationship Management at Coventry Building Society talks operational transformation, ESG, and procurement as a creator of social value and community engagement. “We’re owned by our members and our core belief is that we put our members first,” Learn more, here https://bit.ly/46zDSUh #Procurement #SocialValue #ESG 🤝 Cognizant | Trustmarque

Our impactful partnership with IDEMIA highlighted in the CPOstrategy Magazine: We are thrilled to share a proud moment for EXIM Polycarbonate Films in our collaboration with IDEMIA. Our gratitude to IDEMIA for our partnership and for also highlighting our mutual achievements in innovation and excellence. “We chose them a partner for their open and transparent communication, commitment to win-win scenarios, and technical expertise.” Hearing this acknowledgment from Mark Janssen, Deputy Chief Procurement Officer fills us with immense pride. Check out the full article here https://bit.ly/CPO52 to learn more about how our partnership is making a significant impact. We look forward to continuing this journey together.

📊 New data from McKinsey & Company suggests technology may be leveling the procurement playing field for smaller organisations. Traditionally, large organisations had the upper hand in procurement due to their scale and budgets. However, McKinsey's findings highlight a shift where smaller organisations are leveraging smart procurement strategies and technology to compete effectively. 🔑 Key Insights: 1️⃣ Smaller organisations are using smart procurement and technology to compete with larger counterparts. 2️⃣ Greater procurement maturity leads to better business outcomes, with top-quartile companies having higher EBITDA margins. 3️⃣ Advanced analytics tools and data platforms are becoming more accessible and affordable, benefiting organisations of all sizes. Technology is transforming procurement, making it possible for smaller organisations to thrive. 👉 Read the full article for more insights: https://bit.ly/4cLrTVH #Procurement #BusinessGrowth #TechInnovation #CompetitiveAdvantage